Metso Corporation
This excel file includes the following tables:
Consolidated Statements of Income
Consolidated Balance Sheets, Assets
Consolidated Balance Sheet, Liabilities
Consolidated Condensed Statement of Cash Flows
Consolidated Statements of Shareholders' Equity
Acquisitions
Contingent liabilities and derivative instruments
Key Ratios
Exchange rates
Segment information
Quarterly segment information
The Interim Review is unaudited
CONSOLIDATED STATEMENT OF INCOME
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 1-12/2010
Net sales 1,561 1,325 4,572 3,865 5,552
Cost of goods sold -1,157 -969 -3,379 -2,857 -4,130
Gross profit 404 356 1,193 1,008 1,422
Selling, general and administrative expenses -252 -251 -805 -744 -1,028
Other operating income and expenses, net -3 -2 -5 49 50
Share in profits of associated companies 0 0 0 0 1
Operating profit 149 103 383 313 445
Financial income and expenses, net -16 -8 -43 -53 -75
Profit before taxes 133 95 340 260 370
Income taxes -41 -28 -105 -78 -112
Profit 92 67 235 182 258
Attributable to:
Shareholders of the company 94 67 235 181 257
Non-controlling interests -2 0 0 1 1
Profit 92 67 235 182 258
Earnings per share, EUR 0.63 0.45 1.57 1.21 1.71
Diluted earnings per share, EUR 0.63 0.45 1.57 1.21 1.71
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 1-12/2010
Profit 92 67 235 182 258
Cash flow hedges, net of tax -13 36 -14 16 24
Available-for-sale equity investments, net of tax 0 1 0 1 -4
Currency translation on subsidiary net investments -1 -58 -56 81 121
Net investment hedge gains (+) / losses (-), net of tax 0 17 10 -10 -13
Defined benefit plan actuarial gains (+) / losses (-), net of tax - - - - -11
Other comprehensive income (+) / expense (-) -14 -4 -60 88 117
Total comprehensive income (+) / expense (-) 78 63 175 270 375
Attributable to:
Shareholders of the company 80 63 175 269 374
Non-controlling interests -2 0 0 1 1
Total comprehensive income (+) / expense (-) 78 63 175 270 375
CONSOLIDATED BALANCE SHEET
ASSETS
EUR million Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
Non-current assets
Intangible assets
Goodwill 877 877 880
Other intangible assets 268 290 287
1,145 1,167 1,167
Property, plant and equipment
Land and water areas 64 64 64
Buildings and structures 280 271 283
Machinery and equipment 414 448 459
Assets under construction 74 42 43
832 825 849
Financial and other assets
Investments in associated companies 14 13 14
Available-for-sale equity investments 6 17 9
Loan and other interest bearing receivables 9 6 6
Available-for-sale financial investments 2 256 169
Financial instruments held for trading - 45 -
Derivative financial instruments 0 0 2
Deferred tax asset 160 179 168
Other non-current assets 36 27 42
227 543 410
Total non-current assets 2,204 2,535 2,426
Current assets
Inventories 1,615 1,320 1,305
Receivables
Trade and other receivables 1,352 1,156 1,242
Cost and earnings of projects under construction
in excess of advance billings 290 308 287
Loan and other interest bearing receivables 1 5 6
Available-for-sale financial assets 131 61 178
Financial instruments held for trading 60 - 59
Derivative financial instruments 42 51 55
Income tax receivables 38 42 29
1,914 1,623 1,856
Cash and cash equivalents 789 622 645
Total current assets 4,318 3,565 3,806
TOTAL ASSETS 6,522 6,100 6,232
SHAREHOLDERS' EQUITY AND LIABILITIES
EUR million Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
Equity
Share capital 241 241 241
Cumulative translation adjustments 0 9 46
Fair value and other reserves 713 722 726
Retained earnings 1,039 967 1,036
Equity attributable to shareholders 1,993 1,939 2,049
Non-controlling interests 20 9 22
Total equity 2,013 1,948 2,071
Liabilities
Non-current liabilities
Long-term debt 792 1,240 956
Post employment benefit obligations 192 192 195
Provisions 63 55 59
Derivative financial instruments 4 9 3
Deferred tax liability 42 50 50
Other long-term liabilities 3 9 6
Total non-current liabilities 1,096 1,555 1,269
Current liabilities
Current portion of long-term debt 420 124 388
Short-term debt 58 46 29
Trade and other payables 1,311 1,258 1,377
Provisions 233 214 230
Advances received 701 526 503
Billings in excess of cost and earnings of projects under
construction 585 336 299
Derivative financial instruments 49 40 30
Income tax liabilities 56 53 36
Total current liabilities 3,413 2,597 2,892
Total liabilities 4,509 4,152 4,161
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES 6,522 6,100 6,232
NET INTEREST BEARING LIABILITIES
EUR million Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
Long-term interest bearing debt 792 1,240 956
Short-term interest bearing debt 478 170 417
Cash and cash equivalents -789 -622 -645
Other interest bearing assets -203 -373 -418
Total 278 415 310
CONDENSED CONSOLIDATED CASH FLOW STATEMENT
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 1-12/2010
Cash flows from operating activities:
Profit 92 67 235 182 258
Adjustments to reconcile profit to net cash provided by operating
activities
Depreciation and amortization 46 45 130 132 178
Interests and dividend income 15 13 39 40 51
Income taxes 41 28 105 78 112
Other 14 -11 19 16 38
Change in net working capital 63 24 -7 31 25
Cash flows from operations 271 166 521 479 662
Interest paid and dividends received -4 -5 -34 -40 -58
Income taxes paid -31 -23 -93 -71 -98
Net cash provided by operating activities 236 138 394 368 506
Cash flows from investing activities:
Capital expenditures on fixed assets -41 -30 -113 -88 -134
Proceeds from sale of fixed assets 1 2 6 6 7
Business acquisitions, net of cash acquired -5 -2 -15 -7 -21
Proceeds from sale of businesses, net of cash sold - - - 10 8
Investments in (-) / proceeds from (+) sale of financial assets 130 -23 213 -113 -147
Other 2 2 3 6 5
Net cash provided by (+) / used in (-) investing activities 87 -51 94 -186 -282
Cash flows from financing activities:
Redemption of own shares - - - -7 -7
Dividends paid - - -232 -105 -105
Changes in ownership interests in subsidiaries - - - - 20
Net funding -23 -19 -97 -196 -243
Other - - -2 -1 -4
Net cash provided by (+) / used in (-) financing activities -23 -19 -331 -309 -339
Net increase (+) / decrease (-) in cash and cash equivalents 300 68 157 -127 -115
Effect from changes in exchange rates -1 -14 -13 22 33
Cash and cash equivalents at beginning of period 490 568 645 727 727
Cash and cash equivalents at end of period 789 622 789 622 645
FREE CASH FLOW
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 1-12/2010
Net cash provided by operating activities 236 138 394 368 506
Capital expenditures on maintenance investments -24 -18 -70 -53 -78
Proceeds from sale of fixed assets 1 2 6 6 7
Free cash flow 213 122 330 321 435
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
Cumulative Fair value Equity Non-
Share translation and other Retained attributable to controlling Total
EUR million capital adjustments reserves earnings shareholders interests equity
Balance at Jan 1, 2010 241 -62 710 894 1,783 9 1,792
Profit - - - 181 181 1 182
Other comprehensive income (+) / expense (-)
Cash flow hedges, net of tax - - 16 - 16 - 16
Available-for-sale equity investments, net of tax - - 1 - 1 - 1
Currency translation on subsidiary net investments - 81 - - 81 - 81
Net investment hedge gains (losses), net of tax - -10 - - -10 - -10
Total comprehensive income (+) / expense (-) - 71 17 181 269 1 270
Dividends - - - -105 -105 - -105
Donations to universities - - - -2 -2 - -2
Redemption of own shares - - -7 - -7 - -7
Share-based payments, net of tax - - 2 - 2 - 2
Other - - - -1 -1 -1 -2
Balance at Sep 30, 2010 241 9 722 967 1,939 9 1,948
Balance at Jan 1, 2011 241 46 726 1,036 2,049 22 2,071
Profit - - - 235 235 0 235
Other comprehensive income (+) / expense (-)
Cash flow hedges, net of tax - - -14 - -14 - -14
Available-for-sale equity investments, net of tax - - 0 - 0 - 0
Currency translation on subsidiary net investments - -56 - - -56 - -56
Net investment hedge gains (losses), net of tax - 10 - - 10 - 10
Total comprehensive income (+) / expense (-) - -46 -14 235 175 0 175
Dividends - - - -232 -232 0 -232
Redemption of own shares - - - - - - -
Share-based payments, net of tax - - 1 0 1 - 1
Other - - - 0 0 -1 -1
Changes in non-controlling interests - - - - - -1 -1
Balance at Sep 30, 2011 241 0 713 1,039 1,993 20 2,013
ACQUISITIONS
In August, Metso acquired the business of Copperstate Industrial Services, Inc., a mining services provider based in
Phoenix, Arizona USA. The purchase price was EUR 5 million. This business was consolidated from August 1, 2011
onwards into the Mining and Construction Technology segment.
The Karmann convertible roof business was acquired in November 2010, and a EUR 10 million portion of the purchase
price was paid in the first quarter of 2011.
ASSETS PLEDGED AND CONTINGENT LIABILITIES
EUR million Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
Mortgages on corporate debt 2 2 2
Other pledges and contingencies
Mortgages 3 2 2
Pledged assets - - -
Guarantees on behalf of associated company obligations - - -
Other guarantees 7 4 4
Repurchase and other commitments 5 6 5
Lease commitments 230 229 242
NOTIONAL AMOUNTS OF DERIVATIVE FINANCIAL INSTRUMENTS
EUR million Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
Forward exchange rate contracts 2,932 2,049 2,137
Interest rate swaps 75 163 163
Cross currency swaps 33 - -
Option agreements
Bought 1 2 2
Sold 10 10 10
The notional amount of electricity forwards was 705 GWh as of September 30, 2011 and 671 GWh as of September 30,
2010.
The notional amount of nickel forwards to hedge stainless steel prices was 564 tons as of September 30, 2011 and 534
tons as of September 30, 2010.
The notional amounts indicate the volumes in the use of derivatives, but do not indicate the exposure to risk.
KEY RATIOS
1-9/2011 1-9/2010 1-12/2010
Earnings per share, EUR 1.57 1.21 1.71
Diluted earnings per share, EUR 1.57 1.21 1.71
Equity/share at end of period, EUR 13.32 12.96 13.69
Return on equity (ROE), % (annualized) 15.9 13.5 13.6
Return on capital employed (ROCE) before tax, % (annualized) 16.6 13.0 13.5
Return on capital employed (ROCE) after tax, % (annualized) 12.4 9.8 10.2
Equity to assets ratio at end of period, % 38.4 37.2 38.1
Gearing at end of period, % 13.8 21.3 15.0
Free cash flow, EUR million 330 321 435
Free cash flow/share, EUR 2.20 2.14 2.91
Cash conversion, % 141 176 169
Gross capital expenditure (excl. business acquisitions), EUR million 113 90 135
Business acquisitions, net of cash acquired, EUR million 15 7 21
Depreciation and amortization, EUR million 130 132 178
Number of outstanding shares at end of period (thousands) 149,630 149,631 149,630
Average number of shares (thousands) 149,630 149,700 149,683
Average number of diluted shares (thousands) 149,840 149,825 149,837
FORMULAS FOR CALCULATION OF INDICATORS
EBITA before non-recurring items:
Operating profit + amortization + goodwill impairment + non-recurring items
Earnings/share:
Profit attributable to shareholders of the company
Average number of outstanding shares during period
Equity/share:
Equity attributable to shareholders
Number of outstanding shares at end of period
Return on equity (ROE), %:
Profit
x 100
Total equity (average for period)
Return on capital employed (ROCE) before tax, %:
Profit before tax + interest and other financial expenses
x 100
Balance sheet total - non-interest bearing liabilities (average for period)
Return on capital employed (ROCE) after tax, %:
Profit + interest and other financial expenses
x 100
Balance sheet total - non-interest bearing liabilities (average for period)
Gearing, %:
Net interest bearing liabilities
x 100
Total equity
Equity to assets ratio, %:
Total equity
x 100
Balance sheet total – advances received
Free cash flow:
Net cash provided by operating activities
- capital expenditures on maintenance investments
+ proceeds from sale of fixed assets
= Free cash flow
Cash conversion, %:
Free cash flow
x 100
Profit
EXCHANGE RATES USED
1-9/2011 1-9/2010 1-12/2010 Sep 30, 2011 Sep 30, 2010 Dec 31, 2010
USD (US dollar) 1.4101 1.3267 1.3299 1.3503 1.3648 1.3362
SEK (Swedish krona) 8.9982 9.6665 9.5510 9.2580 9.1421 8.9655
GBP (Pound sterling) 0.8752 0.8593 0.8585 0.8667 0.8600 0.8608
CAD (Canadian dollar) 1.3816 1.3827 1.3773 1.4105 1.4073 1.3322
BRL (Brazilian real) 2.3059 2.3574 2.3379 2.5067 2.3201 2.2177
CNY (Chinese renminbi) 9.1567 9.0236 8.9975 8.6207 9.1321 8.8220
AUD (Australian dollar) 1.3524 1.4774 1.4514 1.3874 1.4070 1.3136
SEGMENT INFORMATION
NET SALES
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 678 563 1,902 1,576 2,561 2,235
Energy and Environmental Technology 405 312 1,134 978 1,591 1,435
Paper and Fiber Technology 431 443 1,386 1,301 1,941 1,856
Valmet Automotive 71 20 205 48 241 84
Group Head Office and other - - - - - -
Group Head Office and others total 71 20 205 48 241 84
Intra Metso net sales -24 -13 -55 -38 -75 -58
Metso total 1,561 1,325 4,572 3,865 6,259 5,552
EBITA BEFORE NON-RECURRING ITEMS
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 74.9 74.9 200.5 179.2 286.1 264.8
Energy and Environmental Technology 50.6 31.7 125.1 92.8 171.3 139.0
Paper and Fiber Technology 35.5 31.8 116.6 86.7 137.5 107.6
Valmet Automotive 1.5 0.7 7.0 -7.8 10.2 -4.6
Group Head Office and other 0.5 -10.5 -22.8 -9.7 -28.9 -15.8
Group Head Office and others total 2.0 -9.8 -15.8 -17.5 -18.7 -20.4
Metso total 163.0 128.6 426.4 341.2 576.2 491.0
EBITA BEFORE NON-RECURRING ITEMS, % OF NET SALES
% 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 11.0 13.3 10.5 11.4 11.2 11.8
Energy and Environmental Technology 12.5 10.2 11.0 9.5 10.8 9.7
Paper and Fiber Technology 8.2 7.2 8.4 6.7 7.1 5.8
Valmet Automotive 2.1 3.5 3.4 -16.3 4.2 -5.5
Group Head Office and other n/a n/a n/a n/a n/a n/a
Group Head Office and others total n/a n/a n/a n/a n/a n/a
Metso total 10.4 9.7 9.3 8.8 9.2 8.8
NON-RECURRING ITEMS
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology -0.1 -4.9 -0.8 27.5 4.0 32.3
Energy and Environmental Technology - -2.9 - -7.9 0.0 -7.9
Paper and Fiber Technology - -2.7 2.6 -4.7 -1.1 -8.4
Valmet Automotive - - -6.1 - -7.9 -1.8
Group Head Office and other - - -0.4 - -2.8 -2.4
Group Head Office and others total - - -6.5 - -10.7 -4.2
Metso total -0.1 -10.5 -4.7 14.9 -7.8 11.8
AMORTIZATION
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology -2.1 -1.8 -6.2 -4.7 -8.2 -6.7
Energy and Environmental Technology -4.9 -5.0 -13.8 -14.9 -18.6 -19.7
Paper and Fiber Technology -5.1 -7.2 -15.5 -21.8 -22.6 -28.9
Valmet Automotive -0.6 0.0 -1.3 0.0 -1.3 0.0
Group Head Office and other -0.8 -0.6 -1.6 -1.7 -2.2 -2.3
Group Head Office and others total -1.4 -0.6 -2.9 -1.7 -3.5 -2.3
Metso total -13.5 -14.6 -38.4 -43.1 -52.9 -57.6
SEGMENT INFORMATION
OPERATING PROFIT (LOSS)
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 72.7 68.2 193.5 202.0 281.9 290.4
Energy and Environmental Technology 45.7 23.8 111.3 70.0 152.7 111.4
Paper and Fiber Technology 30.4 21.9 103.7 60.2 113.8 70.3
Valmet Automotive 0.9 0.7 -0.4 -7.8 1.0 -6.4
Group Head Office and other -0.3 -11.1 -24.8 -11.4 -33.9 -20.5
Group Head Office and others total 0.6 -10.4 -25.2 -19.2 -32.9 -26.9
Metso total 149.4 103.5 383.3 313.0 515.5 445.2
OPERATING PROFIT (LOSS), % OF NET SALES
% 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 10.7 12.1 10.2 12.8 11.0 13.0
Energy and Environmental Technology 11.3 7.6 9.8 7.2 9.6 7.8
Paper and Fiber Technology 7.1 4.9 7.5 4.6 5.9 3.8
Valmet Automotive 1.3 3.5 -0.2 -16.3 0.4 -7.6
Group Head Office and other n/a n/a n/a n/a n/a n/a
Group Head Office and others total n/a n/a n/a n/a n/a n/a
Metso total 9.6 7.8 8.4 8.1 8.2 8.0
ORDERS RECEIVED
EUR million 7-9/2011 7-9/2010 1-9/2011 1-9/2010 10/2010-9/2011 1-12/2010
Mining and Construction Technology 840 643 2,866 1,806 3,517 2,457
Energy and Environmental Technology 440 341 1,704 1,081 2,151 1,528
Paper and Fiber Technology 578 417 1,941 1,560 2,328 1,947
Valmet Automotive 71 20 205 48 241 84
Group Head Office and other - - - - - -
Group Head Office and others total 71 20 205 48 241 84
Intra Metso orders received -11 -12 -68 -49 -91 -72
Metso total 1,918 1,409 6,648 4,446 8,146 5,944
QUARTERLY INFORMATION
NET SALES
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 563 659 560 664 678
Energy and Environmental Technology 312 457 347 382 405
Paper and Fiber Technology 443 555 482 473 431
Valmet Automotive 20 36 68 66 71
Group Head Office and other - - - - -
Group Head Office and others total 20 36 68 66 71
Intra Metso net sales -13 -20 -13 -18 -24
Metso total 1,325 1,687 1,444 1,567 1,561
EBITA BEFORE NON-RECURRING ITEMS
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 74.9 85.6 56.7 68.9 74.9
Energy and Environmental Technology 31.7 46.2 36.5 38.0 50.6
Paper and Fiber Technology 31.8 20.9 39.9 41.2 35.5
Valmet Automotive 0.7 3.2 2.7 2.8 1.5
Group Head Office and other -10.5 -6.1 -12.2 -11.1 0.5
Group Head Office and others total -9.8 -2.9 -9.5 -8.3 2.0
Metso total 128.6 149.8 123.6 139.8 163.0
EBITA BEFORE NON-RECURRING ITEMS, % OF NET SALES
% 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 13.3 13.0 10.1 10.4 11.0
Energy and Environmental Technology 10.2 10.1 10.5 9.9 12.5
Paper and Fiber Technology 7.2 3.8 8.3 8.7 8.2
Valmet Automotive 3.5 8.9 4.0 4.2 2.1
Group Head Office and other n/a n/a n/a n/a n/a
Group Head Office and others total n/a n/a n/a n/a n/a
Metso total 9.7 8.9 8.6 8.9 10.4
QUARTERLY INFORMATION
NON-RECURRING ITEMS
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology -4.9 4.8 -0.4 -0.3 -0.1
Energy and Environmental Technology -2.9 0.0 - - -
Paper and Fiber Technology -2.7 -3.7 2.6 - -
Valmet Automotive - -1.8 - -6.1 -
Group Head Office and other - -2.4 -0.4 - -
Group Head Office and others total - -4.2 -0.4 -6.1 -
Metso total -10.5 -3.1 1.8 -6.4 -0.1
AMORTIZATION
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology -1.8 -2.0 -2.0 -2.1 -2.1
Energy and Environmental Technology -5.0 -4.8 -4.5 -4.4 -4.9
Paper and Fiber Technology -7.2 -7.1 -5.2 -5.2 -5.1
Valmet Automotive 0.0 0.0 -0.3 -0.4 -0.6
Group Head Office and other -0.6 -0.6 -0.5 -0.3 -0.8
Group Head Office and others total -0.6 -0.6 -0.8 -0.7 -1.4
Metso total -14.6 -14.5 -12.5 -12.4 -13.5
OPERATING PROFIT (LOSS)
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 68.2 88.4 54.3 66.5 72.7
Energy and Environmental Technology 23.8 41.4 32.0 33.6 45.7
Paper and Fiber Technology 21.9 10.1 37.3 36.0 30.4
Valmet Automotive 0.7 1.4 2.4 -3.7 0.9
Group Head Office and other -11.1 -9.1 -13.1 -11.4 -0.3
Group Head Office and others total -10.4 -7.7 -10.7 -15.1 0.6
Metso total 103.5 132.2 112.9 121.0 149.4
OPERATING PROFIT (LOSS), % OF NET SALES
% 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 12.1 13.4 9.7 10.0 10.7
Energy and Environmental Technology 7.6 9.1 9.2 8.8 11.3
Paper and Fiber Technology 4.9 1.8 7.7 7.6 7.1
Valmet Automotive 3.5 3.9 3.5 -5.6 1.3
Group Head Office and other n/a n/a n/a n/a n/a
Group Head Office and others total n/a n/a n/a n/a n/a
Metso total 7.8 7.8 7.8 7.7 9.6
QUARTERLY INFORMATION
CAPITAL EMPLOYED
EUR million Sep 30, 2010 Dec 31, 2010 Mar 31, 2011 June 30, 2011 Sep 30, 2011
Mining and Construction Technology 1,100 1,151 1,147 1,146 1,165
Energy and Environmental Technology 515 491 506 467 474
Paper and Fiber Technology 635 598 609 664 522
Valmet Automotive 24 41 55 43 48
Group Head Office and other 1,085 1,163 904 898 1,073
Group Head Office and others total 1,109 1,204 959 941 1,121
Metso total 3,359 3,444 3,221 3,218 3,282
Capital employed includes only external balance sheet items.
ORDERS RECEIVED
EUR million 7-9/2010 10-12/2010 1-3/2011 4-6/2011 7-9/2011
Mining and Construction Technology 643 651 841 1,185 840
Energy and Environmental Technology 341 447 392 872 440
Paper and Fiber Technology 417 387 565 798 578
Valmet Automotive 20 36 68 66 71
Group Head Office and other - - - - -
Group Head Office and others total 20 36 68 66 71
Intra Metso orders received -12 -23 -19 -38 -11
Metso total 1,409 1,498 1,847 2,883 1,918
ORDER BACKLOG
EUR million Sep 30, 2010 Dec 31, 2010 Mar 31, 2011 June 30, 2011 Sep 30, 2011
Mining and Construction Technology 1,329 1,356 1,562 2,070 2,218
Energy and Environmental Technology 1,159 1,158 1,182 1,672 1,694
Paper and Fiber Technology 1,703 1,559 1,611 1,924 2,074
Valmet Automotive - - - - -
Group Head Office and other - - - - -
Group Head Office and others total - - - - -
Intra Metso order backlog -47 -50 -55 -73 -60
Metso total 4,144 4,023 4,300 5,593 5,926
PERSONNEL Sep 30, 2010 Dec 31, 2010 Mar 31, 2011 June 30, 2011 Sep 30, 2011
Mining and Construction Technology 9,974 10,206 10,387 10,817 10,962
Energy and Environmental Technology 6,015 6,073 6,071 6,357 6,303
Paper and Fiber Technology 10,388 10,362 10,397 10,789 10,595
Valmet Automotive 668 1,425 1,378 1,421 1,556
Group Head Office and other 507 527 633 688 677
Group Head Office and others total 1,175 1,952 2,011 2,109 2,233
Metso total 27,552 28,593 28,866 30,072 30,093